Our standing estimate
Four outcomes that together make 100%. Our estimate, scored when it resolves.
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The truce past 10 Jan 2027: rolled free
68% · likely · confidence not registered
The truce runs on to a stated later end date with no new Chinese commitment on export volumes, export prices or the yuan, and no broad US or EU measure in force (new purchase pledges allowed).
F-0223 · Open
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The truce past 10 Jan 2027: rolled at a price
13% · very unlikely · confidence not registered
The truce runs on carrying a new Chinese commitment on export volumes, export prices or the yuan, with no broad US or EU measure in force.
F-0224 · Open
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The truce past 10 Jan 2027: lapsed or hit
13% · very unlikely · confidence not registered
The truce has lapsed, or a broad US or EU measure took effect between 9 Oct 2026 and 10 Jan 2027.
F-0225 · Open
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The truce past 10 Jan 2027: all other outcomes
6% · very unlikely · confidence not registered
The truce runs on with no new Chinese commitment, no broad US or EU measure in force and no stated end date.
F-0226 · Open
The situation when it was sealed (10 Oct 2026). Every US pause since Busan has been bought with a Chinese pause, while both sides keep bigger threats in reserve.